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Business Combination (Tables) | 12 Months Ended
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Sep. 30, 2019
Business Combinations [Abstract] |
Schedule of Business Acquisitions, by Acquisition [Table Text Block] | The allocation of consideration to the assets and liabilities of these companies, is presented below, in millions.
Assets acquired, net of cash: |
Receivables | $ | 3.0 |
Inventories | 5.8 |
Other current assets | 0.2 |
Property, plant and equipment | 1.0 |
Intangible assets | 11.4 |
Goodwill | 7.2 |
Liabilities assumed: |
Accounts payable | 0.7 |
Other current liabilities | 0.4 |
Current and long term debt | 0.1 |
Deferred income tax liability | 0.8 |
Consideration paid | $ | 26.6 |
The following is a summary of the estimated fair values of the net assets acquired (in millions):
Assets, net of cash: |
Receivables | $ | 6.9 |
Inventories | 17.0 |
Other current assets | 0.2 |
Property, plant and equipment | 8.4 |
Other non-current assets | 1.7 |
Identified intangible assets: |
Patents | 32.1 |
Customer relationships | 8.7 |
Tradenames | 4.6 |
Favorable leasehold interests | 2.3 |
Goodwill | 80.1 |
Liabilities: |
Accounts payable | (5.5 | )
Other current liabilities | (2.9 | )
Deferred income taxes | (11.2 | )
Other non-current liabilities | (1.7 | )
Consideration paid | 140.7 |
Repayment of Krausz debt | (13.2 | )
Consideration paid included in net cash used in investing activities | $ | 127.5 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1486-128463 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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